Trailing Stop EA
|
|||
|
Hello to everyone yes I'm a newbie
Anyway I have been searching for an EA that can trail the stoploss to defind pionts rather than pips like the normal trailing stop in say MT4. ie. Say I have 3 levels of scaling out of the trade(similar to the ultimate swing trader) and i wont the SL bought to break even if the 1st target hit and then brought to the 1st target if the second target hit and so. Any ideas would be great and thanks for a great forum Ps not growl to hard if I posted this wrong ok ![]() |
![]() |
|
||||
|
"Candle trailing stop" and "break even trailing stop" will be included in our upcoming website and can be added to any created EA by this web tool. I will shortly describe features we created, it may be helpful for other traders and EA developers.
Candle trailing stop: 1. Trail Stop Loss by chosen number of candles. e.g. on buy order trail SL by last candle Low. Or candle before the last can be used for this. It depends on Your strategy logics and can be set by output parameter which candle to use (trailing stop should be adapted to market volatility) Output parameters will let You control when to place SL at break even: 1. by percentage. e.g.: price makes 40% between order open price ant Take Profit - then SL will be set at break even (order opening price). You will be able to modify this ratio by seting external parameter for EA. 2. by pips. e.g.: price goes to good direction by "n" pips - Stop Loss is set to break even. It could be used when take profit is not set. "n" pips value can also be set by output parameter. These features may even turn unprofitable systems to profitable ones and be a great help to many traders.
__________________
EA Creator - tool to create flexible Expert Advisors with risk and money management without any programming |
![]() |
«
Previous Thread
|
Next Thread
»
| Thread Tools | |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| trailing stop / stop loss ea | garrison | Trading Systems | 19 | 09-02-2009 05:40 AM |
| Trailing Stops, Buy Stop/Limit, Sell Stop/Limit | GDelacroiix | Forex Beginners | 1 | 04-29-2008 11:39 PM |
| Trailing Stop EA for MT4 Platform | stallion_man | System Coding | 0 | 11-20-2007 11:26 PM |
| Trailing stop methods | TraderSeven | Trading Systems | 6 | 11-09-2007 02:32 PM |
| Idea for trailing stop | grantfx | Indicator Coding | 0 | 12-01-2006 09:48 PM |
All times are GMT. The time now is 06:08 PM.
Powered by vBulletin Version 3.6.2
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0
Registered members have access to special online forex currency trading tools, software, mt4 expert advisors and indicators. Register now








Linear Mode


